PDL and Barclays launch protected water fund

clock

Water as an asset class is largely unknown to the retail adviser but Protected Distribution Limited, a T.I.S. Group subsidiary, is trying to change this with the launch of the UK's first protected water fund.

The 100% capital protected fund, if held for the full 10-year period, is provided by Barclays Bank through its new Barclays World Water Strategy index. The index tracks the performance of the world’s 40 largest publicly-quoted water related stocks, from over 700 available. Managed by Abacus Financial Services, the fund is domiciled in the Isle of Man, with a 0.75% administration fee and 2% annual management fee. There is also 4% upfront commission and 0.5% renewal. T.I.S. Group CEO Dan Farrow says water is the “commodity of the future”. “It is astonishing how much unrealised growth the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read